KNM in talks for FBM Hudson Italiana sale

KUALA LUMPUR: KNM Group Bhd is evaluating new purchase offers from potential buyers for its subsidiary, FBM Hudson Italiana SpA.

“The company has received offers of purchase from other interested parties and is currently evaluating its options.

“Further development in relation to the proposed disposal will be announced in due course,” the Practice Note 17 company said in a filing with Bursa Malaysia,

KNM said the share purchase agreement to sell FBM Hudson Italiana to BM Carpenterie Oil & Gas S.r.l. and Officine Piccoli S.p.A. expired on June 30.

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Market Summary

FBM KLCI

1535.73

17.68

1.15%

Vol ('00)

25,330,014

FBMKLCI
Day's Range

Low

1512.81

High

1535.73
52 Weeks Range

Low

1478.84

High

1685
Go to Market Watch

Market Movers

View More

  • SymbolOpenHighLowLastChg%ChgVol ('00)
    HSI-PWD7 0.225 0.230 0.195 0.210 -0.015-6.671,497,557
    HSI-CWCY 0.160 0.190 0.150 0.170 0.0106.251,098,507
    HSI-CWCM 0.145 0.195 0.145 0.155 -0.005-3.13986,817
    HSI-PWD1 0.205 0.210 0.175 0.195 -0.005-2.50901,330
    HSI-CWEJ 0.160 0.185 0.160 0.165 0.0000.00840,713
    HSI-CWEO 0.140 0.170 0.140 0.145 0.0000.00805,444
    HSI-PWFM 0.135 0.140 0.120 0.135 -0.020-12.90702,547
    MYEG 0.920 0.930 0.910 0.920 -0.005-0.54364,974
    PBBANK 4.470 4.500 4.450 4.490 0.0200.45350,868
    GAMUDA 4.050 4.330 4.050 4.320 0.3107.73335,407
    SALCON-WB 0.025 0.030 0.020 0.025 0.0000.00289,425
    HSI-PWFJ 0.195 0.205 0.180 0.190 -0.015-7.32289,388
    HSI-PWD5 0.115 0.115 0.080 0.095 -0.015-13.64284,665
    AXIATA 1.860 1.880 1.800 1.840 -0.030-1.60276,550
    POS 0.195 0.265 0.190 0.255 0.06030.77257,120

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